The Great Depression
what is an economic depression?
The Great Depression
During an economic depression threes a lack of economic activity that can last for several years.
Economic prosperity.
Westerners were not affected by the economic depression in 1819. t or f
An economic depression is a sustained, long-term downturn in economic activity in one or more economy. An obvious example is the U.S. Great Depression.
Ambiguous Question: Specify--- Psychological Depression Geographical Depression Economic Depression
The Panic of 1873 caused an economic depression in the 1870s because banksacross the land closed .
A general characteristic that is not typically associated with an economic depression is sustained economic growth. During an economic depression, key indicators such as GDP, employment, and consumer spending usually decline significantly. Other characteristics include high unemployment rates and deflation, rather than inflation or consistent increases in economic activity. Thus, economic growth contradicts the essence of a depression.
Right about now!
The Panic of 1873 caused an economic depression in the 1870s because banksacross the land closed .
severe wconomic depression